My friend, the show is just starting... If you got in below 3500, you could hold this trade longer term all the way to 1.4000 if you have the balls...
, will decide again in 17min time
- #751,941
- Jan 30, 2013 5:42am Jan 30, 2013 5:42am
, will decide again in 17min time
- #751,943
- Jan 30, 2013 5:45am Jan 30, 2013 5:45am
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
I AM GOOD. THX
How abt you buddy
My Analysis showing ~ 3560 tomorrow i dont know why lol
but on my past experience i think we might just see a quick move up followed by a trend reversal targeting 3150-3180
worked exact till now but still cant confirm the downside till today data out if its the other way we may target 3670 then.
MMMYYYKKK
- #751,946
- Jan 30, 2013 5:55am Jan 30, 2013 5:55am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Shite...! You are still in... When will you bail man? I hate taking a position against you.
my next primary target is now 3609/15 we shall see if it has the power to get there
- #751,948
- Jan 30, 2013 6:06am Jan 30, 2013 6:06am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #751,949
- Jan 30, 2013 6:13am Jan 30, 2013 6:13am
- | Joined Feb 2012 | Status: Trader | 1,207 Posts
Watching it. Unless you are scalping EUR/AUD might give good R:R to short but I'd be careful It might breakout easily if E/U can hit 1.38
No long for me as the negative swap is too expensive to hold more than 1 week or 1 month.
For me, due the spread of my chosen broker (8pip) I dont scalp this pair. I was only giving a heads up to my fellow traders out there
I know how strong the euro is at present, along with a fairly weak aud, so unfortunately doesnt strengthen the potential for a strong rejection like the rejection we saw when this level was last tested...
However, Im always aware of levels such as this, and in different cirumstances, this would have been much more attractive as a level/entry.
I agree with you that this may not take too much to break in which case I will probably stand aside, unless we start to see weakness in e/u & e/j
- #751,950
- Jan 30, 2013 6:16am Jan 30, 2013 6:16am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
I did take some off at 3490
my next primary target is now 3609/15 we shall see if it has the power to get there
Max,
Any chance you have option expiry info at 1.3575/80?
They think they are smarter than I am.
- #751,951
- Jan 30, 2013 6:18am Jan 30, 2013 6:18am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
I did take some off at 3490
my next primary target is now 3609/15 we shall see if it has the power to get there
- #751,952
- Jan 30, 2013 6:19am Jan 30, 2013 6:19am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Good morning traders,
this is my up to date view on the EUR/USD on the 4-hour chart:
Scenario 1 of the setup provided yesterday's played out nicely. Congrats to those who took the trade! The larger intermediate trading plan is unfolding as anticipated and I think we are now in the B2-leg of this move into the 1.3850 or higher level.
Yesterday's extension setup worked. Price never moved below 1.3408 level indicated and brought price to 1.3510 (1st target) and then 1.3560 (2nd target) as anticipated. Now we could see a shallow retracement.
But we are setup for a continuation of the current move, after a shallow retracement. There are only two areas this market can retrace to: the closer area is 1.3530; a deeper retracement could bring price into the 1.3495 area.
I could identify two corresponding scenarios shown hereunder:
Scenario 1. A shallow retracement could bring price into the 1.3530 area of support. Long here with a stop below 1.3515. Targets are at 1.3590 (1st) and 1.3610-15 (2nd).
Scenario 2. Price deeps below 1.3515 and corrects all the way into the 1.3495-1.3500 area where bulls could and probably will come in. Long here with a stop below 1.3470. Targets at 1.3600 (1st) and 1.3660 (2nd)
Hope you can profit from this info.
Have a great day.
this is my up to date view on the EUR/USD on the 4-hour chart:
Scenario 1 of the setup provided yesterday's played out nicely. Congrats to those who took the trade! The larger intermediate trading plan is unfolding as anticipated and I think we are now in the B2-leg of this move into the 1.3850 or higher level.
Yesterday's extension setup worked. Price never moved below 1.3408 level indicated and brought price to 1.3510 (1st target) and then 1.3560 (2nd target) as anticipated. Now we could see a shallow retracement.
But we are setup for a continuation of the current move, after a shallow retracement. There are only two areas this market can retrace to: the closer area is 1.3530; a deeper retracement could bring price into the 1.3495 area.
I could identify two corresponding scenarios shown hereunder:
Scenario 1. A shallow retracement could bring price into the 1.3530 area of support. Long here with a stop below 1.3515. Targets are at 1.3590 (1st) and 1.3610-15 (2nd).
Scenario 2. Price deeps below 1.3515 and corrects all the way into the 1.3495-1.3500 area where bulls could and probably will come in. Long here with a stop below 1.3470. Targets at 1.3600 (1st) and 1.3660 (2nd)
Hope you can profit from this info.
Have a great day.
"markets traded by programs/HFT offer a significant trading edge..."
- #751,953
- Jan 30, 2013 6:22am Jan 30, 2013 6:22am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
For me, due the spread of my chosen broker (8pip) I dont scalp this pair. I was only giving a heads up to my fellow traders out there
I know how strong the euro is at present, along with a fairly weak aud, so unfortunately doesnt strengthen the potential for a strong rejection like the rejection we saw when this level was last tested...
However, Im always aware of levels such as this, and in different cirumstances, this would have been much more attractive as a level/entry.
I agree with you that this may not take too much to break in which...
Wow ... eight pips spread in major currency pairs ...
Does that really still exist?
Can't believe that ...
...Which company does provide such things?
###
Highest spread that I can remember has been five in major crossies when entering with a minimum of one million per single stake contracts ...
But that has been before 1995 ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #751,956
- Jan 30, 2013 6:24am Jan 30, 2013 6:24am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
Good call, at the moment there are other easier pairs why go for the challenge.
How are you mate...? I guess you didn't trade on monday, didn't see you around.